Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/202664
Authors: 
Bandyopadhyay, Siddhartha
Chatterjee, Kalyan
Roy, Jaideep
Year of Publication: 
2015
Series/Report no.: 
Birmingham Business School Discussion Paper Series 2015-03
Abstract: 
We analyze the consequences of a monopolistic, non-partisan, profit-maximizing media on policy divergence. The media undertakes costly coverage that may reveal the quality of an office-seeking political challenger only if quality-conscious voters pay an access fee. Voters are ideologically homogenous and the incumbent politican is a populist with known quality. We show that while media absence implies a populist challenger, media presence yields platform extremism: it creates demand for information about quality and provides incentives to the media to invest in coverage that are exploited by high-quality challengers to signal strength.
JEL: 
C72
D72
D82
URL of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc-sa/2.5/
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.